The valve is the industrial or the household pipeline system uses in the flow regulation and the control device. Among them, the industrial valve market is divided according to its application in industry, namely: Oil and natural gas, chemical industry, municipal, electric power and mining and other branches. The Industrial Valve Market in Africa is expected to be one of the fastest growing markets over the next five years, and the growth of the oil, gas and power application sectors is expected to drive demand for industrial valves in Africa Demand for water and wastewater applications and the petrochemical industry will also increase the demand for industrial valves in Africa.
Studies estimate that the African and Middle East Valve markets will reach $10 billion by 2019, with a compound annual growth rate of 5.7 percent for 2014-2019. At the same time, Africa is expected to become one of the emerging markets for industrial valves, the main driver of which is growing demand for applications in the oil, gas and power industries in the region. In terms of individual markets, the industrial valve market in Africa is expected to exceed $4 billion by 2021. Until 2015, Africa’s oil and gas sector had been one of the largest producers of industrial valves in demand. Africa produced 398 million tons of crude oil in 2015, and demand for industrial valves from the oil and gas industry in Africa continued to grow during the period 2011-2015.
However, global crude oil prices have fallen sharply over the past few years. As a result, most African countries are now focusing on developing other industrial sectors in order to reduce their dependence on the oil and gas sector. Currently, the petrochemical, power and mining sectors in Africa also require industrial valves to support production, and investors are investing more in infrastructure in these areas. As a result, demand growth in these areas is expected to drive future demand growth for industrial valves in Africa. In 2015, ball valves accounted for the largest share of the industrial valve market in Africa and are expected to increase further in 2021 as demand for oil and gas development continues to grow. Nigeria and Egypt, which have been Africa’s largest industrial valve markets for the past few years, are expected to continue to dominate the African market in 2021. Africa’s end-use markets for industrial valves include oil and gas, electricity, and chemicals.
At present, Africa’s industrial valves are mainly imported. China is a major importer of Africa. We also hope that with China-Africa trade cooperation, COVNA could with more African customers to achieve win-win cooperation.
Post time: Jul-28-2021